Non-bank lender Athena has hired four banks to sound investors for an Australian dollar prime residential mortgage backed securities (RMBS).
Non-bank lender Athena has hired four banks to sound investors for an Australian dollar prime residential mortgage backed securities deal.A note sent to investors on Monday afternoon said Athena had mandated Commonwealth Bank of Australia, National Australia Bank, United Overseas Bank Limited and Westpac Banking Corporation for the Olympus Trust 2022-1.
The broker syndicate was asking potential investors to get on calls between June 29 and July 1. It expected to launch the RMBS deal shortly after, depending on market conditions. Athena is a new entrant to the securitisation markets, and launched its first RMBS deal last year looking to raise $300 million.
It was founded in 2017 by former NAB bankers Nathan Walsh and Michael Starkey and launched in 2019. It has a long list of backers on the equity side, including AustralianSuper, Hostplus, Australian Retirement Trust , AirTree Ventures, Square Peg Capital and ASX-listed Resimac. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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